Canada
Sportsbooks begin to reopen – just in time for MLB and NBA seasons
There is no hiding from the fact that the past few months have been particularly hard for land-based casinos and gambling houses. While online operations have largely benefited from lockdown rules and stay-at-home measures during the coronavirus pandemic, it has been quite the opposite experience for brick and mortar businesses.
Even as the outbreak continues to hit large parts of the United States, casino companies have begun reopening under strict health and safety measures in an attempt to get the industry’s economy moving once again. Reduced capacities and opening hours, temperature checks, face masks, and sanitization stations have all become the norm.
Among the areas of the gambling sector to begin reopening over the past few weeks has been sportsbooks across the United States.
The past two years have been an exciting time for sports betting in the US after the Supreme Court ruling that legalized sports betting in all states, and while 18 states have begun operations, others are expected to soon follow suit.
The coronavirus pandemic and the subsequent shutdown of America’s professional sports leagues made sportsbook all but useless for the past few months. But as the return of pro sports fast approaches and federal and state restrictions continue to ease, sportsbooks have started to reopen the doors.
Sportsbooks in Las Vegas, Delaware, New Jersey, Michigan, Colorado, Indiana, and Mississippi have all been welcoming visitors back over the past few weeks, while just this week, Betfred USA Sports – the US subsidiary of UK-based Betfred – announced it was set to launch its fourth sportsbook in Las Vegas at the Mohegan Sun Casino.
The timing of the widespread reopening of sportsbooks across the US is certainly not coincidental. While economically damaging to be closed for months, sportsbooks served little purpose with sports all-but nonexistent.
However, there is about to be an explosion of sports action in the coming weeks as North America’s four most popular sports all take to the field/court/rink.
What to look for: MLB, NBA, NHL
The Major League Baseball season, initially scheduled to begin in March, makes its long-awaited start on July 23 and will play out a significantly reduced regular season of just 60 games. The World Series are set to start on October 30.
The NBA season gets back underway in new surroundings from July 30 with 22 teams competing in a sort of mini league located exclusively at Walt Disney World Resort on Florida. Eight teams have been excluded on account of their inability to reach the playoffs. The Finals are scheduled to begin on September 30.
Just two weeks after the NBA kicks into gear, the NFL will start its pre-season games from August 14, with the regular season beginning on September 11. The Superbowl is scheduled for February 7.
Meanwhile, the NHL will take to the ice at the end of the month with exhibition games getting the delayed season back underway on July 28 before Stanley Cup qualifiers begin on August 1. The Stanley Cup itself will start on September 22.
As well as the “Big Four” generating plenty of interest for sports fans – and plenty of business for sportsbooks – North American horse racing has been able to continue hosting races, albeit on a reduced schedule.
The Triple Crown is going ahead after a change in the running order, with the Belmont Stakes already taking place. The Kentucky Derby will follow on September 5, with the Preakness Stakes staging the finale on October 3.
Other sports to bet on
All of this only highlights the packed sports schedule the United States is about to experience over the coming months. There will not be a day that goes by when baseball, basketball, football, hockey, or horse racing will not be happening, presenting an opportunity for sportsbooks to take advantage.
By offering visitors, the latest lines and futures bets on the “Big Four” sports and the latest Kentucky Derby odds and Preakness Stakes odds, sportsbooks across the United States will view the next few months as the ideal antidote to months of financial strain and inactivity.
You can bet on the Kentucky Derby odds online too through here: https://www.twinspires.com/kentuckyderby/odds
There is plenty of damage to be undone from the coronavirus pandemic, but the return of US sport and its constant presence for the foreseeable future will allow fans and sportsbooks to at least breathe a collective sigh of relief.
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Alex Cuoci
Wealthsimple and Kalshi Partner to Bring Prediction Markets to Canada
Wealthsimple announced the release of Wealthsimple Predict, providing retail investors the ability to trade event contracts on Kalshi. The standalone application is scheduled to launch this summer. Through the app, users will have access to approximately 4000 Kalshi event-based contracts in categories Wealthsimple is authorized to offer in the Canadian market, specifically climate, financial markets, and economic indicators.
“Prediction markets are the fastest-growing segment of global financial markets, letting traders turn an opinion into a position on the factors that shape our world – where inflation is headed, what happens to rates, or how the year unfolds. Until now, Canadians have had limited access. Wealthsimple Predict gives Canadians a clean, well-designed way to access these markets, with education and guardrails built in from day one,” said Brett Huneycutt, co-founder and Chief Product Officer, Wealthsimple.
“Kalshi was founded on a simple belief: views on the future should have markets, and those markets should be available to everyone. That’s why we’re partnering with Wealthsimple, Canada’s leading financial innovator – to give everyday investors in Canada access to fair, secure, and regulated prediction markets,” said Alex Cuoci, Kalshi.
In March, the Canadian Investment Regulatory Organization (CIRO) authorized Wealthsimple to offer event and forecast contract trading, also known as prediction markets. These contracts are regulated as futures contracts (derivatives). The approval covers contracts with a 30-day settlement period or longer, within the categories of economic indicators, financial markets, and climate. Wealthsimple is the second investment dealer to receive regulatory approval from CIRO for prediction markets.
To access trading through Wealthsimple Predict, new clients must complete a standard Know Your Client (KYC) process. Education is built into every stage of the experience, including a guided orientation of a client’s first trade. The app also shows users key disclosures and definitions, including trading risk reminders, contract resolution information, notices that positions can be sold at any time, and liquidity risk warnings on lower-activity markets. Wealthsimple Predict will only be available to Canadian residents.
Kalshi is authorized to operate in the US as an event contracts exchange, with federal authority from the Commodity Futures Trading Commission (CFTC), the regulatory authority for the U.S. derivatives market. Prediction markets follow the same regulatory framework applied to other financial assets traded in the US, such as equities, bonds, and traditional derivatives, with clear rules for price formation, settlement, and governance.
The post Wealthsimple and Kalshi Partner to Bring Prediction Markets to Canada appeared first on Americas iGaming & Sports Betting News.
Alberta
MediaTroopers lines up eight operator partners ahead of Alberta launch
MediaTroopers said it is preparing to launch in Alberta’s regulated gaming market on July 13, as Canada’s next regulated commercial gaming market opens.
The digital marketing and customer acquisition firm said it plans to enter Alberta alongside eight “premium operator” clients, which it said are also preparing for their own market entries. MediaTroopers did not name the operators.
The company said its Alberta offering will mirror its work in Ontario, including localized acquisition strategies, compliance-focused marketing, regional player education, and market-tailored performance campaigns.
MediaTroopers also said it has seen “strong interest” from Alberta players through pre-registration activity, without providing figures.
“Alberta represents an exciting next step for regulated iGaming in Canada, and Media Troopers is ready to support operators from day one,” said Shmulik Segal, CEO of Media Troopers. “Our experience in Ontario has given us a strong understanding of what it takes to enter a new Canadian market successfully, from compliance and localization to scalable player acquisition. With eight of our premium clients already preparing for launch and early pre-registration traction underway, we see Alberta as a market with tremendous potential.”
The post MediaTroopers lines up eight operator partners ahead of Alberta launch appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.
Canada
MediaTroopers Makes Preparations for Upcoming Alberta Launch with Eight Premium Operator Partners
MediaTroopers, the leading digital marketing and customer acquisition firm, has announced that preparations are underway for its upcoming launch in Alberta’s regulated gaming market, scheduled to go live on July 13. As part of those preparations, MediaTroopers will enter the province with eight of its premium operator clients, who are already preparing for their own entries.
With the launch of Canada’s second regulated commercial gaming market, Alberta has quickly become one of the most anticipated market opportunities for operators looking to expand. MediaTroopers has already cemented itself as a reliable partner in Ontario’s regulated market, supporting operators in one of North America’s most competitive markets, and it will bring that same expertise as it enters Alberta.
Much like Ontario, MediaTroopers will continue to support operators in Alberta with localized acquisition strategies, compliance-focused marketing, regional player education, and market-tailored performance-driven campaigns.
MediaTroopers has already seen strong interest from Alberta players through pre-registration activity. With eight of its premium clients also preparing to go live, the company expects to play a pivotal role in helping other licensed operators to build up brand visibility and recognition among players in the region from day one.
With its launch in Alberta, MediaTroopers remains committed to supporting sustainable, responsible, and compliant growth across Canada’s regulated market.
“Alberta represents an exciting next step for regulated iGaming in Canada, and Media Troopers is ready to support operators from day one,” said Shmulik Segal, CEO of Media Troopers. “Our experience in Ontario has given us a strong understanding of what it takes to enter a new Canadian market successfully, from compliance and localization to scalable player acquisition. With eight of our premium clients already preparing for launch and early pre-registration traction underway, we see Alberta as a market with tremendous potential.”
The post MediaTroopers Makes Preparations for Upcoming Alberta Launch with Eight Premium Operator Partners appeared first on Americas iGaming & Sports Betting News.
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